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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 10,541 $ 5,945
Interest-bearing deposits in other banks 158,519 116,524
Total cash and cash equivalents 169,060 122,469
Securities available-for-sale, at fair value 124,469 130,257
Securities held-to-maturity at amortized cost, fair value of $77,456 and $76,270 as of March 31, 2025 and December 31, 2024, respectively 91,172 92,009
Securities held-to-maturity, net 91,172 92,009
Restricted securities, at cost 7,634 7,634
Equity securities, at fair value 2,888 2,832
Loans, net of unearned income 1,870,472 1,872,173
Less: Allowance for loan credit losses (18,826) (18,715)
Loans, net 1,851,646 1,853,458
Bank premises and equipment, net 1,484 1,318
Accrued interest receivable 5,902 5,996
Right of use assets 4,752 5,013
Other assets 13,425 13,961
Total assets 2,272,432 2,234,947
Deposits:    
Non-interest bearing demand deposits 437,822 433,288
Interest-bearing demand deposits 705,386 705,097
Savings deposits 42,583 44,367
Time deposits 736,384 709,663
Total deposits 1,922,175 1,892,415
Federal Home Loan Bank advances 56,000 56,000
Subordinated debt 24,812 24,791
Accrued interest payable 2,072 2,394
Lease liabilities 5,101 5,369
Other liabilities 9,314 7,364
Total liabilities 2,019,474 1,988,333
Commitments and contingencies (Note 7)
Shareholders' Equity    
Preferred stock, par value $0.01 per share; authorized 1,000,000 shares; none issued
Additional paid-in capital 97,310 97,173
Retained earnings 164,761 159,951
Accumulated other comprehensive loss (9,255) (10,652)
Total shareholders' equity 252,958 246,614
Total liabilities and shareholders' equity 2,272,432 2,234,947
Common stock, non voting    
Shareholders' Equity    
Common stock
Common stock, voting    
Shareholders' Equity    
Common stock $ 142 $ 142